Retention Bonus Letters definition

Retention Bonus Letters means those certain letter agreements entered into by and between the Company or any of the Company Subsidiaries and certain employees of the Company or any of the Company Subsidiaries, set forth on Disclosure Schedule Section 3.15(a).
Sample 1
Retention Bonus Letters means the letters between the Seller’s Guarantor, Xxxxxxxx and each Selected Employee dated on or about 11 July 2008 in relation to the payment of the Retention Bonuses including the timing and amount of any such payments, as amended, copies of which have been Disclosed;
Sample 1

Examples of Retention Bonus Letters in a sentence

  • Bailey' Subject: EDCI Holdings (EDCI): EDC: Personnel: Unauthorized/Notified (by CEO) Retention Bonus Letters Dated 01/08/2009March 16, 2009MWK,Based on my detailed investigation of the matter of your deportment, as EDC/EDCI CFO, relating to the signing and request to RAF to deliver on January 8, 2009 letters notifying 12 EDC King Mtn.

  • The Plan and the Retention Bonus Letters are created, adopted and administered according to the laws of the State of Ohio (except its choice of law rules) and, except to the extent that such laws have been superseded by the laws of the United State of America, are governed by those laws in all respects.

  • This Plan and the Retention Bonus Letters embody the complete agreement and understanding between the parties with respect to the subject matter hereof and, effective as of its date, supersede and preempt any prior understandings, agreements, or representations made by the Company, written or oral, which may have related to the subject matter hereof in any way.

  • In the event the Executive’s employment is terminated by the Company without cause or by such Executive for good reason before the 180th day following the closing date of a change in control, the Retention Bonus Letters provide for a lump sum payment of $1,500,000 to Mr. Moise and$1,000,000 to Ms. Murray, as applicable, provided that he or she signs a release of claims within 30 days of the termination of employment and does not revoke such release.

  • If an employee is no longer eligible for health and dental plan coverage, the employee will have the option of enrolling in COBRA continuation coverage.

  • Spray List of Schedules Schedule 7.2(n) Persons Required to Be Employed by the Company at Closing Schedule 7.2(o) Persons Required to Sign Non-Solicitation and Non-Competition Agreement Schedule 7.2(p) Persons Required to Sign Employment Agreements Schedule 7.2(q) Persons Required to Sign Retention Bonus Letters The schedules listed above will be furnished upon request by the Securities and Exchange Commission.

  • Includes retention bonuses paid to Mr. Campbell and Mr. Irizarry under Retention Bonus Letters entered into in 2011.

  • Under the Retention Bonus Letters and Continuation of Employment Letters tendered to employees, eligibility for a retention bonus was based on the employees’ continued employment through April 1, 2007.

  • The Retention Bonus Letters also provide for the acceleration of outstanding equity awards.

Related to Retention Bonus Letters

  • Retention Bonus means the amount equal to:

  • Transaction Bonuses means any transaction bonuses payable by the Sellers or their Affiliates on or after the Closing to the Transferred Employees.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Severance Payments shall have the meaning set forth in Section 6.1 hereof.

  • Severance Pay means any amount that is payable in cash and is identified by a Participating Company as severance pay, or any amount which is payable on account of periods beginning after the last date on which an employee (or former employee) is required to report for work for a Participating Company.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive’s Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive’s target annual incentive bonus for the year in which the Date of Termination occurs.

  • Severance Amount means:

  • Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.

  • Severance Compensation means the compensation set forth in (i), (ii), and (iv) above.

  • Change in Control Severance Benefits means the benefits payable pursuant to Section 3 of this Agreement.

  • Bonus Payments means that portion of the bonus payments received by the

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Severance Benefit means the payment of severance compensation as provided in Article III.

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Share Compensation Arrangement means any stock option, stock option plan, employee stock purchase plan or any other compensation or incentive mechanism involving the issuance or potential issuance of Shares, including a share purchase from treasury which is financially assisted by the Corporation by way of a loan, guarantee or otherwise;

  • Bonus means the bonus described in the Section 2.3.

  • Severance means the complete separation and dismemberment of the part from the body.

  • Change in Control Benefits means the following benefits:

  • Annual Bonus shall have the meaning set forth in Section 4(b) below.

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.